Chatham-Kent is in a great position to handle debt, which is good, because it is coming to the tune of $800 million, an official says.

Last year’s audited financial statements, presented to Chatham-Kent council recently, showed overall debt dropped by nearly $10 million in 2024, leaving an outstanding debt of $18.8 million.

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The municipality’s debt is down from $161 million from 2010.

“If the municipality does not incur any new debt, this will be further reduced to $13 million by the end of 2025,” said Brock Priddle, Chatham-Kent’s corporate accounting manager.

While it is great news about the current balance sheet, Chatham-Kent’s chief financial officer Gord Quinton said, “The debt is coming as we replace our aging assets.”

In coming years, the municipality expects

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